Sebi's CAS rollback may offer new lifeline to Indian derivatives market

The Sensex and Nifty 50 saw live updates as of October 19, 2026. Indian Hotels Company stock has been in a consolidation phase for four months, fluctuating between ₹700 and ₹755. Last week, the stock surged by 8% and broke above the resistance level at ₹755, prompting a bullish outlook. The stock may reach ₹810, followed by a possible correction to around ₹780, after which it could regain momentum and potentially appreciate to ₹900 in the near term.

Traders can currently buy the stock at ₹772 and accumulate at ₹740, with a stop-loss at ₹690. Should the price rise to ₹830, the stop-loss should be revised to ₹790. When the stock hits ₹875, the stop-loss should be adjusted to ₹850. Profits should be booked at ₹900. The company reported a net income of INR55.3 billion, up 13% year-over-year, beating estimates of INR49.26 billion.

Other highlights include provisions up 80% quarter-over-quarter, interest income up 8.5% year-over-year, and interest expense up 7.4% year-over-year. Revenue, however, fell 6.2% year-over-year.